Weekend Roundup May 31 - June 6
Daily Crypto News8 Kesä 2024

Weekend Roundup May 31 - June 6

It’s our weekly roundup. Let’s dive into what caught our attention over the past week.


First up, let's talk about Sarah's new nails – a rainbow of colors. She’s got her own unique style going, and it’s honestly the simplest nails she's ever done. When I asked if she did them herself or went to a Korean salon, she surprised me by saying she goes to a Russian one. Always full of surprises, Sarah.


Anyway, let’s get into the news. On Friday, Sarah highlighted PayPal’s stablecoin, PYUSD, launching on Solana. Previously limited to Ethereum, this move could boost their market dominance despite their current low market share. Sarah’s skepticism about the need for another stablecoin, given the dominance of USDT, USDC, and DAI, made for a great discussion. With Tether reporting a $6.2 billion profit in 2023, it’s clear there’s big money in stablecoins.


On Monday, Sarah passed the mic to me to cover Biden’s veto of the SEC’s Staff Accounting Bulletin 121, which was a guidance on crypto custody by companies. Congress felt the SEC overstepped, but Biden backed the SEC, signaling potential anti-crypto sentiments. This move seemed more about supporting his appointed SEC chair rather than a direct stance against crypto. It’s a classic case of office politics in action.


Tuesday was all about Roaring Kitty, the man behind the GameStop frenzy. He revealed he holds over $200 million in GameStop shares, causing the stock to surge 48%. This raised questions about market manipulation, but as Sarah and I discussed, it’s more about his influence and less about any foul play.


By Wednesday, Bitcoin was back in the spotlight, crossing $71,000 with $880 million in ETF inflows. Fidelity, BlackRock, and ARK were major players, while Grayscale saw outflows. We debated the potential for Bitcoin’s value, with predictions ranging from conservative to wildly optimistic. The real question is, can the market sustain these high valuations?


Finally, on Thursday, we discussed the innovative vision of Carl Pei and the Nothing Phone. Pei’s idea of integrating AI deeply into our phone usage could revolutionize how we interact with technology. The challenge will be balancing convenience with privacy concerns, as AI would need significant access to personal data to function effectively.


That’s a wrap for this week’s review. Thanks for tuning in, and we’ll see you next time. Happy HODLing!

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Jaksot(687)

August 27: Telegram Scrutiny, DeFi Flaws, and Major ETF Inflows

August 27: Telegram Scrutiny, DeFi Flaws, and Major ETF Inflows

RESOURCEShttps://www.coindesk.com/policy/2024/08/27/telegram-under-scrutiny-in-india-but-ban-not-imminent-reports/?utm_medium=referral&utm_source=rss&utm_campaign=headlineshttps://www.dlnews.com/articles/defi/ethereum-cofounder-vitalik-buterin-on-defi-flaws/https://www.theblock.co/post/313194/celsius-bankruptcy-distributions?utm_source=rss&utm_medium=rsshttps://www.theblock.co/post/313138/french-president-macron-says-arrest-of-telegram-ceo-was-in-no-way-a-political-decision?utm_source=rss&utm_medium=rsshttps://www.theblock.co/post/313124/blackrock-ibit-leads-spot-bitcoin-etf-inflow-200-million?utm_source=rss&utm_medium=rssSecure your Business & Digital Life with Cyber Strategy Institutehttps://cyberstrategyinstitute.com/warden/WHERE TO FIND DCNhttps://substack.com/@dcndailycryptonewshttps://twitter.com/DCNDailyCryptoEMAIL USmatt@dailycryptonews.netsarah@dailycryptonews.net ——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

27 Elo 202416min

August 26: Free Speech Attacked! Paval Durov Telegram CEO/Founder Arrested

August 26: Free Speech Attacked! Paval Durov Telegram CEO/Founder Arrested

RESOURCESTelegram Affirms EU Digital Services Act Compliance Following Pavel Durov's ArrestHong Kong Watchdog Flags Issues in Crypto Firms Seeking Full Licensing$250M Flows into Bitcoin ETFs After Jackson Hole Rate Cut HintsStablecoin Market Cap Sets New Record, Exceeds Early 2022 PeakPolymarket Shows 50-50 Tie Between Harris and Trumphttps://www.youtube.com/watch?v=E7UdtW09ghwSecure your Business & Digital Life with Cyber Strategy Institutehttps://cyberstrategyinstitute.com/warden/WHERE TO FIND DCNhttps://substack.com/@dcndailycryptonewshttps://twitter.com/DCNDailyCryptoEMAIL USmatt@dailycryptonews.netsarah@dailycryptonews.net ——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

26 Elo 202415min

August 23: China Tightens AML Laws & Binance Dominates

August 23: China Tightens AML Laws & Binance Dominates

RESOURCESAustralian Securities Regulator Triumphs in Legal Battle Against Kraken's Local Affiliate- CoindeskDonald Trump Hints at New 'The DeFiant Ones' Crypto Project on Truth SocialColombian Authorities Investigate Worldcoin for Privacy BreachesJustin Sun's USDD Stablecoin Drops Bitcoin BackingRussia Plans to Establish Two or More Crypto Exchangeshttps://www.theblock.co/post/311718/malaysian-authorities-arrest-seven-individuals-for-power-theft-linked-to-bitcoin-mining-reporthttps://decrypt.co/245450/china-classifies-crypto-transactions-money-laundering-update-aml-lawhttps://cointelegraph.com/news/binance-dominates-chinese-crypto-users-x-info-sourcehttps://www.crypto-news-flash.com/japans-central-bank-officially-announces-every-bank-in-japan-will-adopt-xrp-by-2025/https://www.ctftoken.com/ Secure your Business & Digital Life with Cyber Strategy Institutehttps://cyberstrategyinstitute.com/warden/WHERE TO FIND DCNhttps://substack.com/@dcndailycryptonewshttps://twitter.com/DCNDailyCryptoEMAIL USmatt@dailycryptonews.netsarah@dailycryptonews.net ——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

23 Elo 202418min

 Does Crypto Money Wins Elections?

Does Crypto Money Wins Elections?

News Links👇https://decrypt.co/245886/coinbase-ripple-pour-over-100-million-to-buy-influence-in-us-election-says-public-citizenhttps://www.dlnews.com/articles/people-culture/public-citizen-says-crypto-industry-has-outspent-oil-on-lobbying/https://decrypt.co/245877/salame-seeks-overturn-conviction-breach-of-deal-partners-probehttps://blockworks.co/news/sec-crypto-cases-2024-outlookhttps://www.businesswire.com/news/home/20240821785704/en/Prometheum-Capital-Adds-Two-New-Digital-Asset-Securities-to-Custodial-Platformhttps://farside.co.uk/ethereum-etf-flow-all-data/https://storage.courtlistener.com/recap/gov.uscourts.nysd.590939/gov.uscourts.nysd.590939.470.0_1.pdf________Participate in DCN👇https://substack.com/@dcndailycryptonewshttps://twitter.com/DCNDailyCryptohttps://www.youtube.com/@DCNDailyCryptoNewsContact & Partnership inquiry👇matt@dailycryptonews.netsarah@dailycryptonews.net ——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

22 Elo 202411min

August 21: Bitcoin’s Short Squeeze?

August 21: Bitcoin’s Short Squeeze?

News Links👇https://cointelegraph.com/news/el-salvador-bitcoin-certifications-government-employeeshttps://www.youtube.com/watch?v=lAqVn5lRdeshttps://www.coindesk.com/policy/2024/08/21/another-crypto-fraudster-arrested-in-montenegro-where-do-kwon-awaits-extradition-reports/https://decrypt.co/245670/how-kennedy-jrs-dip-from-the-presidential-race-could-raise-cryptos-profile-in-washingtonBitstamp Receives $75 Million Bitcoin Transfer from Mt. GoxEl Salvador to Offer Bitcoin Training to 80,000 Civil ServantsBinance and Ex-CEO CZ Sued Over Alleged Crypto LaunderingGerman Authorities Confiscate 13 Cryptocurrency ATMsChina Tightens AML Rules to Target Crypto-Linked Money Laundering________Participate in DCN👇https://substack.com/@dcndailycryptonewshttps://twitter.com/DCNDailyCryptohttps://www.youtube.com/@DCNDailyCryptoNewsContact & Partnership inquiry👇matt@dailycryptonews.netsarah@dailycryptonews.net ——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

21 Elo 202412min

August 20: DNC’s Crypto Snub

August 20: DNC’s Crypto Snub

News Links👇https://decrypt.co/245320/democratic-party-platform-no-mention-bitcoin-cryptohttps://decrypt.co/245366/democratic-national-committee-chair-met-bitcoin-miner-marathonhttps://decrypt.co/245448/top-democratic-donor-breaks-from-crypto-pacs-over-12-million-pledge-to-unseat-sen-sherrod-brown-reporthttps://decrypt.co/245441/ex-ceo-who-caused-his-bank-to-fail-crypto-scam-gets-24-years-prisonhttps://decrypt.co/245450/china-classifies-crypto-transactions-money-laundering-update-aml-lawhttps://decrypt.co/245399/tesla-bot-robotics-job-motion-capture________Participate in DCN👇https://substack.com/@dcndailycryptonewshttps://twitter.com/DCNDailyCryptohttps://www.youtube.com/@DCNDailyCryptoNewsContact & Partnership inquiry👇matt@dailycryptonews.netsarah@dailycryptonews.net ——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

20 Elo 202410min

August 19: ASIC Targets Scams, Tether Expands to Aptos, Trump on Polymarket, & Catizen AI

August 19: ASIC Targets Scams, Tether Expands to Aptos, Trump on Polymarket, & Catizen AI

News Links👇https://group.hashkey.com/en/newsroom/hashkey-group-catizenhttps://asic.gov.au/about-asic/news-centre/find-a-media-release/2024-releases/24-180mr-online-investment-trading-scams-top-asic-s-website-takedown-action/?altTemplate=betanewsroomhttps://tether.io/news/tether-usd₮-to-launch-on-aptos-blockchain/https://polymarket.com/event/presidential-election-winner-2024/will-donald-trump-win-the-2024-us-presidential-election?tid=1724071005228https://x.com/CatizenAI________Participate in DCN👇https://substack.com/@dcndailycryptonewshttps://twitter.com/DCNDailyCryptohttps://www.youtube.com/@DCNDailyCryptoNewsContact & Partnership inquiry👇matt@dailycryptonews.netsarah@dailycryptonews.net ——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

19 Elo 202410min

Trump's Ethereum Holdings Revealed, Binance Expands in India, Japan's Caution

Trump's Ethereum Holdings Revealed, Binance Expands in India, Japan's Caution

News Links👇https://www.binance.com/en/blog/regulation/binance-achieves-its-19th-global-regulatory-milestone-with-registration-in-india-3022489348045738409 https://www.japantimes.co.jp/business/2024/08/08/markets/japan-crypto-etf-cautious/ https://it.chosun.com/news/articleView.html?idxno=2023092121382https://thedefiant.io/news/nfts-and-web3/samsung-teams-up-with-illuvium-in-latest-web3-pushhttps://paragraph.xyz/@shubit/an-awkward-friendship-klaytn-x-finschiahttps://decrypt.co/245064/south-koreas-public-pension-fund-invests-34-millon-in-microstrategyhttps://decrypt.co/245056/donald-trump-owns-millions-of-dollars-in-ethereum-filing-revealshttps://decrypt.co/244980/vitalik-buterin-animal-meme-coin-donation________Participate in DCN👇https://substack.com/@dcndailycryptonewshttps://twitter.com/DCNDailyCryptohttps://www.youtube.com/@DCNDailyCryptoNewsContact & Partnership inquiry👇matt@dailycryptonews.netsarah@dailycryptonews.net ——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

16 Elo 202415min

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